July2, 2021

For Immediate Release

Real Estate Investment Trust Securities Issuer Star Asia Investment Corporation Representative: Atsushi Kato, Executive officer

(Code: 3468)

Asset Management Company

Star Asia Investment Management Co., Ltd. Representative: Atsushi Kato

President and CEO

Contact: Akiko Kanno Director and CFO TEL: +81-3-5425-1340

Notice Concerning Change in Credit Rating

Star Asia Investment Corporation ("SAR") announced that Japan Credit Rating Agency, Ltd. (hereinafter

referred to as "JCR") made an announcement today that it changed the long-term issuer rating which One REIT

had obtained.

1. Description of Obtained Credit Rating

Rating Agency

Type

Credit Rating（Outlook）

Before Change

After Change

Japan Credit Rating Agency, Ltd.

Long-term Issuer

A- (Stable)

A (Stable)

("JCR")

Rating

For details concerning the above credit rating, please refer to JCR's website (https://www.jcr.co.jp/en/).

2. Future Policy

SAR intends to continue to aim for maximization of unitholders' interests through stable and sound financial operations.

* Star Asia Investment Corporation website address: http://starasia-reit.com/en/

This is an English translation of the announcement in Japanese dated July 2, 2021.However, no assurance or warranties are given for the completeness or accuracy of this English translation.

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Disclaimer

Star Asia Investment Corporation published this content on 02 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 July 2021 08:12:33 UTC.